Landis: We have spent more than 10 years improving our models. Andrew and I spent a tremendous amount of time analyzing what was the true edge of the world’s greatest investors. That was the root of our technology. Systematizing the logic and then testing is not easy to recreate. However, using machines to help in every phase of analysis is crucial, as the amount of work and data is something a human just can’t do on their own. So my suggestion is that no matter what one needs to be cutting edge on, computers can make your process is more efficient.
My biggest recommendation is just “don’t be afraid.” People are looking at old models vs new models. The markets have changed. Liquidity has changed. The basics have changed. Information and the amount of information have changed. Know that the utilization of technology is a great equalizer, where the human mind cannot process all these sort of things easily. Don’t be afraid of technology, because, at the end of the day, people need advice and you can triangulate a lot more info quicker than you were able to before with technology to service that advice. So don’t be afraid—help guide clients through all this information with technology to guide you both.”
Hortz: Thank you gentlemen!
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